Economic benefits of college education
A college education is worth more today. According to Pew Research Center, There’s a
wider earning gap between college-educated and less-educated Millennials compared
with previous generations. College benefits also go way beyond earnings. In addition to
earning more college educated students have a lower unemployment and poverty rate
compared to people who are less educated. Also those who get a college education are
less likely to be stuck at home living with their parents. College graduates are also more
satisfied with their jobs and are more likely to see themselves on a career path rather
than a random job to get them by. 86% of people who earned their bachelor's degree or
more have a career/career-track job. College graduates say college is worth it. About
nine-in-ten college grads say it will or was worth it even though college tuition has risen
a lot.
Potential problems from students debt
Although there are many plusses to getting a college education, there is also potential
problems involving student debt. According to a closely-watched report by the Federal
Reserve Bank of New York, student debt is terrible in charts. The report found that
student debt remains the second largest source of household debt behind mortgages.
Regulators warn that young adults can no longer save for down payments or qualify for
the mortgages they need to buy their first homes. Student’s credit scores are also very
low after attending college because they haven’t had any opportunity to build up a solid
credit history. Shane Nixon also wrote in an article that his degree was not worth the
debt. He got his masters at USC and his bachelor's at Clemson. After graduating he had
to take a low paying government job in Southern Florida because he couldn’t find any
jobs involving his degree. After many years he is stressed about all the debt he has to
pay back from earning a degree. His degree was definitely not worth the debt. Jason
Chura also agreed that his degree was not worth the debt. He got his bachelor's in
journalism at the University of Albany. He said he was looking at 20 years to finally be
able to pay off his debt from college. Because of his debt he can’t marry his girlfriend of
5 years because he doesn’t want to buy a cheap ring. He would rather do it right with a
fancy ring. Jason said, “Getting a good job is no longer about just working hard or
getting a degree, and many people don’t appreciate the opportunities that existed for
them before”. He feels he has spent his loans on a future he simply did not receive.
Overall issue, Is the tassle worth the hassle?
Personally I think the tassel is worth the hassle if you attend an in state college rather
than a private school. Tuition for in state schools are drastically lower than out of state
and private which would initially make you have less debt coming out. Also going to
school provides you with much more opportunity for jobs when you are out and you are

Is the Tassel worth the Hassle?

less likely to be unemployed. About nine-in-ten college students say that the tassel is
absolutely worth the hassle. College graduates are also more satisfied with their jobs
rather than doing something they don’t like or something that is off their career-path. A
college education is worth more today because the gap between those who got a
college degree and those who didn’t is getting bigger and bigger. So, overall I think the
tassel is worth the hassle if you go into school knowing what you want to do and are
aware of the cost you will most likely have to pay later in life.